Wecity Raises €1,645,000 in One Day to Buy the Land for 28 Homes in Mairena del Aljarafe

02/10/2026 – ⏱ 3 min

The Nuevo Mairena cooperative closes in 24 hours the loan at 11% over twelve months, with a first-ranking mortgage on the plot

This article is for informational purposes only and does not constitute investment advice or a recommendation of any kind.

In a single day, Wecity's investors put up €1,645,000 for a housing cooperative to buy a plot of land in Mairena del Aljarafe (Seville). The pace works out at some €1,142 raised per minute, and the amount covers exactly the full sum requested.

What is being financed is the purchase of the land, not the construction. The plot sits in the SR-3 Camino de Granadillas sector, measures 5,475 sqm with 5,940 sqm of buildable area, and on it Nuevo Mairena S. Coop. And., a cooperative managed by Único Homes, plans 28 semi-detached homes of three and four bedrooms. The detailed plan has been approved; the building permit was applied for in September 2026 and is not recorded as granted.

Anyone lending money needs to know where repayment will come from, and here there is no sale of homes to generate that money: the fact sheet envisages investors exiting "through the contributions of the cooperative members and/or through the entry of bank financing". In other words, repayment depends on the future owners continuing to pay money into the cooperative, or on a bank later stepping in to finance construction. The file evidences no committed bank financing and no schedule of contributions.

Eleven of the twenty-eight cooperative membership contracts have been signed: these are members joining the cooperative, not signed sale agreements. They have contributed €608,073 to date, a figure the fact sheet presents as the "developer's total contribution" even though it is money from the future homeowners and not the manager's own capital.

The security is a first-ranking mortgage over the land. Tinsa values it at €3,112,416.08, so the loan represents 52.85% of that value. The security agent section, however, again refers to a "pledge" that does not correspond to a mortgage, and in the regulatory section, where the company responsible to investors for the published information must be identified, the unfilled template placeholder "[nombre_empresa]" still appears.

One fact appears in neither of the two fact sheets: this is the second offering on the same land. Days earlier, €525,000 was raised to pay the VAT on that same purchase. Between the two, €2,170,000 on a single asset and a single project, so anyone who took part in both is concentrating risk in the same operation.

The loan carries a fixed rate of 11% per year, over twelve months extendable by three, with three months of mandatory holding and interest paid at maturity; the platform puts the total estimated return at 11%, an estimate subject to investment risk and not guaranteed. Único Homes has four previous operations on Wecity: three repaid 100% on time for €4.28 million and a fourth of €5 million still running.

Investing in real estate crowdfunding carries the risk of losing part or all of your capital: the money is locked up until maturity, returns are not guaranteed and there is no deposit guarantee fund cover. No security eliminates that risk, and the speed of the raise does not anticipate how the operation will end. Non-sophisticated investors have four calendar days of reflection to revoke their offer without penalty.

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Your real estate crowdfunding, in one app.

Discover new opportunities. Invest through leading platforms. Manage your whole property portfolio from a single place.

The Realty Investor beta is now available. Explore the market, discover new projects and get to know the platform with simulated money, without putting in any capital.

Download the beta and start discovering a new way to manage your real estate investments.